Insuring a Z3M, an appreciating asset.

[Bigred67]

Hello All,

Last year, I came back into Z3m Roadster ownership and got myself an S54 Z3m (one of only 73 right hand drive cars). At the time I thought I had paid towards the top end of what the car was worth (£14K), but as prices for any S54 seem to be in the low £20K area now ( I know this doesn't mean they sell for that value), I'm starting to think I have undervalued my car from an insurance point of view.

So, the question is: have any of you had any experience of increasing the insurance value of a car part way through the term of the policy? If so, was it a real hassle to do and to prove the new/expected value of the car to the insurer? Also, was there a massive hike in the premium?

I thought I would ask the collective pool of PH knowledge, before contacting the ensurers and being ill prepared for any potential discussion/negotiation.

The above obviously also applies to any car that is going up in value.


Thanks